Watch stocks you care about

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Elizabeth Arden (Nasdaq: RDEN) soared as much as 17% before closing up 15.5%. The cosmetics specialist reported strong results during its fiscal fourth quarter.

So what: Revenue improved 11% to $253.8 million while per-share more than doubled to $0.18 from last year's $0.08. Analysts had been expecting a $0.10 profit on $242.8 million in revenue, according to data compiled by Yahoo! Finance.

Now what: The company also agreed to acquire a collection of beauty brands from peer Liz Claiborne (NYSE: LIZ) for $58.4 million in cash. Smart. With the stock trading for north of 21 times forward earnings, Elizabeth Arden needs all the growth she can buy to produce gains for shareholders. Do you agree? Disagree? Weigh in using the comments box below.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Sending report...

Tim Beyers first began writing for the Fool in 2003. Today, he's an analyst for Motley Fool Rule Breakers and Motley Fool Supernova. At Fool.com, he covers disruptive ideas in technology and entertainment, though you'll most often find him writing and talking about the business of comics. Find him online at timbeyers.me or send email to tbeyers@fool.com. For more insights, follow Tim on Google+ and Twitter.